Investor Alert: Misuse of PGIM name in Fraud Schemes

From time to time, the PGIM name and logo have been misused by unauthorized individuals for fraudulent purposes. PGIM takes these matters seriously and works with the appropriate authorities to investigate such scams. We urge investors to remain vigilant against unauthorized use of our brand to solicit investments.

PGIM Investments and its affiliates does not conduct business through social media platforms. If you receive a message or any other communication that looks suspicious or you feel that you may have been a victim of a fraudulent scheme involving the PGIM brand, please contact prudential.mutual.fund.call.center@prudential.com.

If you have been a victim of a fraudulent scheme, please contact your local police station.

The account you are about to open is a direct account with Prudential Mutual Fund Services LLC ("PMFS"), the transfer agent for PGIM Investments mutual funds. PMFS and its employees do not provide investment advice or product recommendations of any kind.

USA Patriot Act requirements - To help the government fight the funding of terrorism and money laundering activities, we are required to obtain, verify, and record information on each person who opens an account. Clients establishing an account at PMFS must have a legal address in the US, US Virgin Islands, Puerto Rico or Guam. If we are unable to verify your identity, PMFS reserves the right to close your account or take other steps we deem reasonable.

Please be aware that mutual fund investing involves risk. Past performance does not guarantee future results and current performance may be lower or higher than past performance. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and investor's shares when sold may be worth more or less than the original cost. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise. Asset allocation and diversification do not assure a profit or protect against loss in declining markets. There is no guarantee a fund's objectives will be achieved. The risks associated with each fund are explained more fully in each fund's respective prospectus.

For Target Date Funds - The target date is the approximate date when investors plan to retire and may begin withdrawing their money. The asset allocation of the target date funds will become more conservative as the target date approaches and for 10 years after the target date by lessening the equity exposure and increasing the exposure in fixed income investments. The principal value of an investment in a target date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate retirement income.

A target date fund should not be selected based solely on age or retirement date. Before investing, participants should carefully consider the investment objectives, risks, charges, expenses, as well as their age, anticipated retirement date, risk tolerance, other investments owned, and planned withdrawals.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. Read them carefully before investing.

Feel free to contact Prudential's Mutual Fund Service Center for additional information regarding the electronic application process for purchasing PGIM Investments mutual funds. Representatives are available by calling (800) 225 1852 between the hours of 8:30am and 5pm Eastern time, Monday through Friday other than holidays. Simply state "speak to a representative" from the main menu and you will be connected to a service representative to assist you.